The Telegraph newspaper group has announced pre-tax profits for the nine months to September 30; profits have increased by 28% to £38.7m.
Announcing the profits the company said it had seen little sign of recovery from recession and that it would increase its promotional activities to match the price cutting of its competitors. In September The Times cut its cover price to 30p indefinitely. The Telegraph has kept its cover price at 48p but is currently running a holiday promotion. Today The Times announced it is to begin a holiday promotion on Thursday also offering money off holidays.
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